Oil risks breaking $100 as insurers pull cover and Hormuz tanker traffic stalls
IRAN-ISRAEL
Oil prices could hit $100 a barrel if tanker traffic disruption through the Strait of Hormuz persists after US and Israel's strikes on Iran, analysts said. US West Texas Intermediate crude oil futures spiked as much 12% at the open on Sunday evening, while Brent crude jumped 13%, as traders rushed to price in the risk of a prolonged disruption in the Gulf. WTI futures pared gains to trade 4.8% higher at $70.26 a barrel at 8:33 p.m. ET, while Brent was 5.1% higher at 76.58 a barrel. "The key
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